FCP℠ today announced that it will offer development capital for assets in and adjacent to federally designated Opportunity Zones throughout the East Coast and Texas. The firm will offer bridge capital to option, entitle, buy, renovate and/or build multifamily, commercial or mixed-use assets within those zones. Credit support, development expertise, mezzanine/preferred equity and long-term capital will also be available from FCP, who are seeking deals with asset values at $25 million and up.
“We believe the Opportunity Zone program is a catalytic tax initiative that will drive development and provide a benefit to the greater community,” said FCP Senior Vice President, Jason Ward. “We want to provide capital and development expertise to help execute these investments.”
Interested parties can contact FCP through:
• Jason Ward at jward@fcpdc.com – Head of Multifamily Development
• Alex Cathcart at acathcart@fcpdc.com – Southeast Markets
• Billy Herbert at bherbert@fcpdc.com – Mid-Atlantic Markets
• Bruce Gago at bgago@fcpdc.com – Florida Markets
• Stuart Dryden at sdryden@fcpdc.com – Associate
About FCP
FCP℠ is a privately held real estate investment company that has invested in or financed more than $6 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income- producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit www.fcpdc.com.
